30.2 C
Accra
Thursday, November 21, 2024
BusinessCancel GRA/SML deal – Manasseh Azure

Date:

Cancel GRA/SML deal – Manasseh Azure

Investigative journalist Manasseh Azure Awuni has called for the complete dissolution of the contentious revenue mobilisation deal between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML).

Speaking on Joy FM’s Super Morning Show on Thursday, May 23, Awuni, whose investigative work with the Fourth Estate, a project of the Media Foundation for West Africa (MFWA), exposed flaws in the deal, expressed his disappointment with the government’s attempts to retain parts of the contract.

He highlighted the lack of evidence showing that SML held politically affiliated oil marketing companies accountable, noting these companies engage in practices such as diversion, dilution, and under-reporting, which rob the government of significant revenue.

“The fact that politically affiliated OMCs sell products, collect taxes, and fail to remit payments to the government is a major revenue loss,” Awuni said.

Based on these findings, Awuni argues that SML is not fulfilling its duties and recommends terminating the contract.

“From this report, I have yet to see anywhere that SML is tackling this problem. The best move is to clear out this deal,” he stated.

SML Controversy

In April this year, an investigation by The Fourth Estate, uncovered numerous irregularities in the contracts between Strategic Mobilisation Limited (SML), the Ministry of Finance, and the Ghana Revenue Authority (GRA).

The investigation revealed discrepancies in SML’s claims regarding its services aimed at tackling revenue losses in the downstream petroleum sector.

President Akufo-Addo subsequently instructed KPMG to conduct a comprehensive audit.

Despite SML’s assertions that its services were effectively addressing under-declaration, dilution, and diversion of petroleum products, evidence presented by The Fourth Estate showed that these functions were being carried out by other companies and the National Petroleum Authority (NPA).

Managing Director of SML, Christian Tetteh Sottie admitted to the inaccuracies and promptly removed the false claims from the company’s website.

Despite these revelations and other admitted falsehoods, Minister of Finance Ken Ofori-Atta initiated a process in 2023 to expand SML’s contracts to include the gold and oil-producing sectors. This decision significantly increased the annual contract sum to over $100 million.

Following the investigation by The Fourth Estate and subsequent public outcry, President Akufo-Addo suspended the contracts and commissioned KPMG to conduct an audit and submit a report.

While the president released a press statement regarding the findings, the full report provides even more damning revelations about SML’s operations within its contracts with the Ministry of Finance and the GRA.

[forminator_poll id="710479"]

Latest stories

Denis Gyeyir calls for policy reforms to meet growing need for transition minerals

The Natural Resource Governance Institute (NRGI) is advocating for...

EC burns ballot papers for Ahafo and Volta Regions due to errors in serialization

The Electoral Commission (EC) has destroyed defective ballot papers...

Ghanaians lack awareness on spotting terror threats – Security Analyst warns

Security Analyst Dr. Vincent Azumah has raised concerns about...

Rice farmers yet to reap promised benefits PFJ phase 2

The President of the Ghana Rice Inter-Professional Body (GRIB),...

Let’s campaign peace, not conflict – NCCE pleads with politicians

A member of the National Commission for Civic Education...

Related stories

Denis Gyeyir calls for policy reforms to meet growing need for transition minerals

The Natural Resource Governance Institute (NRGI) is advocating for...

Rice farmers yet to reap promised benefits PFJ phase 2

The President of the Ghana Rice Inter-Professional Body (GRIB),...

CBG achieves historic GHS1bn revenue in Q3 2024

Consolidated Bank Ghana Ltd. (CBG) has reached a remarkable...

PPI ascends from 30.5% in September to 33.0% in October 2024 – GSS

Fresh data from the Ghana Statistical Service (GSS) indicates...

PPI hits 33.0% in October through mining and industrial sectors

Ghana’s Producer Price Inflation (PPI) rate has surged to...

Power sector in jeopardy as ECG fails to settle $259m debt

The power sector in Ghana is facing a serious...

LEAVE A REPLY

Please enter your comment!
Please enter your name here